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Omnicell Announces Second Quarter 2011 Results
Date:7/28/2011

MOUNTAIN VIEW, Calif., July 28, 2011 /PRNewswire/ -- Omnicell, Inc. (NASDAQ: OMCL), a leading provider of system solutions to healthcare facilities, today announced results for its quarter ended June 30, 2011.

GAAP results: Revenue for the second quarter of 2011 was $61.0 million, up $3.8 million or 6.6% from the first quarter of 2011, and up $6.3 million or 11.5% from the second quarter of 2010. Revenue for the six months ended June 30, 2011 was $118.2 million, up $9.3 million or 8.6% from the six months ended June 30, 2010.

Second quarter 2011 net income as reported in accordance with U.S. generally accepted accounting principles (GAAP) was $2.6 million, or $0.08 per diluted share. This compares to net income of $0.7 million, or $0.02 per diluted share in the first quarter of 2011 and net income of $2.0 million, or $0.06 per diluted share in the second quarter of 2010. For the six months ended June 30, 2011, net income was $3.3 million, or $0.10 per diluted share. This compares to net income of $2.9 million, or $0.09 per diluted share for the six months ended June 30, 2010.

Non-GAAP results: Non-GAAP net income was $5.0 million for the second quarter of 2011, or $0.15 per diluted share. Non-GAAP net income for the second quarter excludes $2.5 million in stock-based compensation expense. This compares to non-GAAP net income of $3.7 million, or $0.11 per diluted share for the first quarter of 2011, which excluded $2.4 million in stock-based compensation expense and $1.0 million pre-tax settlement expense for litigation claims, net of a $0.4 million tax effect. Second quarter 2011 results compare to non-GAAP net income of $4.1 million, or $0.12 per diluted share for the second quarter of 2010, which excluded $2.1 million of stock-based compensation expense.

For the six months ended June 30, 2011, non-GAAP net income was $8.7 million, or
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SOURCE Omnicell, Inc.
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